I think in business relationships are key. If you have good people working with you, and you can communicate well and directly as well as efficiently, I think you could probably make it work. I think you'd better have somebody with some serious business and marketing experience sign on. There's a statistic about small businesses failing etc etc. But bear in mind these data include all those who went in without a business plan, proper funds and backup plans, as well as business experience.
Do you have time to be as involved as you may need to be?